RBI going into details of housing scam accounts

"RBI has studied the accounts after getting information from the banks concerned," apex bank governor D Subbarao said. He said that out of 14 accounts involved, 13 were found to be of standard nature. The other account was in default, but due to reasons unconnected with the scam.

"All established norms were followed and there was no deviation," he said. He, however, said that the department of banking under the supervision of RBI was going into further details.

Recently, CBI unearthed a housing finance scam involving Bank of India, Central Bank of India and Punjab National Bank.

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